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Comment If you don't like this (Score 2) 57

wait a week or two and the details will change completely.

Trump is nothing if not mercurial. His fans will tell you he's playing 11 dimensional chess... I have my doubts, but let's say that's true. The problem is that when it comes to the economy it's not chess. It's more like basketball, and the President is the point guard calling plays, except the play being called keeps changing before the players can execute the last call. It's a tough time to be running a business, you can't plan out more than a couple of weeks.

Comment Re:Every military that cares about homeland securi (Score 1) 182

Right, the economist refer to this as "externality". Fossil fuels aren't cheap, if you factor in the costs that people using them transfer to third parties. Theoretically, if the true cost of using fossil fuels were factored into every pound of coal or gallon of gasoline consumed, then we would use *exactly the right amount* of fossil fuels. Probably not zero, but not as much as we do when we pretend pollution isn't a cost.

Comment Nope, you blew it (Score 2) 50

while it still includes two controllers featuring dials and number pads instead of joysticks, they're both wireless and charge when docked to the console.

Wireless, no matter how good, still has delays or blips which interrupt the signal. You need the consistent signal of a wired connection.

I know people will give me reasons why I'm wrong, but this is no different than having touchscreens for basic operations in a car. You need the analog touch for simplicity and reliability.

Comment Re: Bad ideas that just won't go away (Score 1) 148

I essentially made the argument that if we want capitalism to work the way we were taught in civics class it is supposed to, companies must be forced by regulation not to undermine the basic assumptions that lead to efficient operation of the free market.

I am neither here nor there on a basic income. I think it depends on circumstances, which of course are changing as more and more labor -- including routine mental labor -- is being automated. We are eventually headed to a world of unprecedented productive capacity and yet very little need for labor, but we aren't there yet.

Comment Re:Bad ideas that just won't go away (Score 1) 148

Anybody who is pushing AI services, particularly *free* AI services, is hoping to mine your data, use it to target you for marketing, and use the service to steer you towards opaque business relationships they will profit from and you will find it complicated and inconvenient to extricate yourself from.

Comment Re:Bad ideas that just won't go away (Score 2) 148

The question is -- ideas that are bad for *who*? This may be a very bad idea for you and me, but it is a very good idea for Microsoft, especially as, like their online services, they will make money off of us and it will be very inconvenient for us to opt out.

In civics-lesson style capitalism, which I'm all in favor of, companies compete to provide things for us that we want and we, armed with information about their products, services and prices, either choose to give them our business or to give our business to a competitor.

Not to say that stuff doesn't *ever* happen, but it's really hard to make a buck as a business that way. So what sufficiently large or well-placed businesses do is earn money *other* ways, by entangling consumers in business relationships that are opaque and which they don't have control over, may not even be fully aware they're signing on to, and which are complicated and awkward to extricate themselves from. In other words a well placed company, like Microsoft or Google or Facebook, will constantly be looking at ways to make money outside the rigorous demands of free market economics.

Comment Re:Banking License (Score 2) 57

I'm pretty sure not one of these crypto companies could obtain, much less keep a banking license (at least, not in a proper country where you can't just buy your way in).

And you would be wrong. The first stablecoin bank, backed by billionaires who backed trump, was just approved by the Office of the Comptroller of the Currency after a rigorous two month review (that's sarcasm in case you missed it).

Supposedly this "bank" will have to adhere to money laundering rules, but as we've seen with other digital money, that goes out the window because who needs regulations.

Comment Re:We used to mine these materials in the US (Score 2) 146

It wouldn't be cost-effective in China either were it not for state support.

There is no doubt that global free trade in commodities, in the absence of any government support, would be the most economically efficient thing to have. But China -- probably correctly -- identifies dependency on foreign supply chains for critical materials as a *security* issue. So they have indirect and direct subsidies, as well as state owned enterprises that operate on thin or even negative profit margins.

Since China does this kind of support on a scale nobody else does, China produces more rare earths than any other country, even though it is not particularly well endowed with deposits. This solves China's security problem with the reliability of the supply, but creates a security problem for other countries.

China thinks like Japan did before WW2, like empire building European countries did in the 1800s. Control over resources is a national security weapon, both for defense and offense.

Comment And soybeans? (Score 1) 101

How much have U.S. farmers grown this year which will sit and rot because not a single bean has been purchased by China due to tariffs?

While growing food isn't the main issue, distribution is, how many tons of food goes to waste each year because of price supports or deliberate over production due to government programs?

Comment Re:Hunger and population. (Score 4, Informative) 101

The behavioral model you have isn't supported by data. When you raise the standard of living and food security of population, the fertility rate goes down. When you have nothing, children are economic assets whose labor can support the family. It's not a great option, but some people live in conditions where there are no good options.

Comment Re: How is this even "tech" anymore? (Score 5, Informative) 42

One example is AlphaFold an AI program which predicts folded protein structures "with near experimental accuracy" from amino acid base sequences. This ability is going to have a huge impact on many practical problems like pharmaceutical development, agricultural science, and engineering custom proteins. For example, since the human genome has been long since sequenced, the program means we now, with a fairly high degree of certainty, know what all the protein coding sequences make.

I'd say that's a pretty significant result.

If you work in technology long enough, you see this over and over. Every time something new comes along, it's actual usefulness gets buried in the breathless media response by a mountain of bullshit. But that doesn't mean the uses aren't real.

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